Eye On Housing
The 2015 American Community Survey data shows that New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180—$7,528 more than RETs paid by Alabama’s homeowners. The overall distribution remained roughly unchanged since 2014, as the composition of the top and bottom ten remained the same. The map below clearly illustrates that the highest property… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $524 billion in taxes were paid by property owners over the four quarters ending in Q1 2016. This represents a $22 billion—or 4.4%—increase over the previous trailing four quarters, the largest percentage increase since 2009. Property taxes accounted for 39.3% of state and local tax receipts, the largest share… Read More ›
NAHB analysis of the Census Bureau’s quarterly tax data shows that $519 billion in taxes were paid by property owners over the four quarters ending in Q3 2015. This represents a $19 billion—or 3.9%—increase over the previous trailing four quarters, the largest annual increase since early 2010. Property taxes accounted for 39.1% the largest share, of state and local tax… Read More ›
According to NAHB analysis of Census Bureau’s quarterly data, property taxes made up 38.9% of state and local tax receipts among major sources over the last four quarters. Property tax collections, including commercial real property taxes and personal property taxes, totaled more than $503 billion over the last year. This represents an increase of almost $13 billion, as measured on a four-quarter trailing basis, or… Read More ›
Although the corporate income tax represents the smallest share state and local tax receipts, third quarter collections experienced the largest increase from the same quarter one year ago. In the third quarter of 2014 approximately $11.5 billion was collected in corporate income tax receipts or an increase of 6.2% from the third quarter of 2013. Over the same period individual… Read More ›
From the third quarter of 2013 through the end of the second quarter of 2014, $493 billion in taxes were paid by property owners. This represents a nominal increase over the previous trailing four-quarters. Overall, state and local tax receipts from the third quarter of 2013 through the end of the second quarter of 2014 was $1,223 billion in all four of… Read More ›